Pet Food - Burundi

Burundi

Revenue in the Pet Food market amounts to US$16.05m in 2024. The market is expected to grow annually by 6.05% (CAGR 2024-2029).
In global comparison, most revenue is generated in the United States (US$59,740m in 2024).
In relation to total population figures, per person revenues of US$1.18 are generated in 2024.
In the Pet Food market, volume is expected to amount to 14.22m kg by 2029. The Pet Food market is expected to show a volume growth of 1.8% in 2025.
The average volume per person in the Pet Food market is expected to amount to 1.0kg in 2024.

Key regions: Russia, Spain, Philippines, United Kingdom, India

Market

Region

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Currency

Analyst Opinion

The Pet Food Market in Burundi, within The Food market, is experiencing minimal growth due to various factors such as low consumer awareness and limited access to digital technologies. This has resulted in slow adoption of online health services and limited market expansion.

Customer preferences: There has been a noticeable shift in consumer preferences within the Pet Food Market in Burundi, with pet owners increasingly seeking out organic and natural options for their furry companions. This trend is driven by growing health and wellness awareness among consumers, who prioritize providing the best possible nutrition for their pets. Additionally, there is a growing demand for eco-friendly and sustainable pet food products, reflecting a strong emphasis on environmental responsibility and ethical consumption in the country.

Trends in the market: In Burundi, the Pet Food Market is seeing a rise in demand for organic and natural pet food products, with consumers becoming more health conscious and willing to pay a premium for higher quality options. This trend is expected to continue as the country's economy grows and pet ownership increases. Additionally, there is a growing trend towards pet humanization, with owners treating their pets as family members and seeking out specialized and personalized pet food options. These trends have significant implications for industry stakeholders, as they must adapt their product offerings and marketing strategies to meet the changing demands of the market. Failure to do so could lead to loss of market share and revenue.

Local special circumstances: In Burundi, the Pet Food Market is heavily influenced by the country's geographical location and limited resources. Due to its landlocked status, the market relies heavily on imports, leading to higher prices for pet food products. Additionally, cultural attitudes towards pet ownership and spending habits also impact the market, with a preference for more affordable options. The government's regulations on pet food imports and advertising also play a significant role in shaping the market.

Underlying macroeconomic factors: The Pet Food Market within The Food market is greatly impacted by macroeconomic factors in Burundi. The country's economic health, global economic trends, fiscal policies, and financial indicators all play a crucial role in determining the performance of the market. For instance, a strong economic outlook and favorable fiscal policies can lead to higher consumer spending on pet food, while a weak economy can result in decreased demand. Additionally, factors such as inflation, currency exchange rates, and government regulations can also significantly influence the market's growth and development.

Methodology

Data coverage:

The data encompasses B2C enterprises. Figures are based on the total consumer spending on food, which comprises all private household spending on food that is meant for at-home consumption (out-of-home consumption is not accounted for).

Modeling approach:

Market sizes are determined through a top-down approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use resources from the Statista platform as well as in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending, and consumer price index. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the exponential trend smoothing is well suited for forecasting the Food market with a projected steady growth. The main drivers are GDP per capita and consumer spending per capita.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year.